Government is the "ultimate crowd" and usually the final group to act on a trend
By Elliott Wave International
If financial history teaches anything, it's that the most intense buying happens near a top. Likewise, climatic selling happens near a bottom.
In other words: The crowd is usually on the wrong side of major financial turns.
Government is the "ultimate crowd," because every decision is made by committee. By the time a government is ready to act, it's almost always too late. So, they're typically the last....
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